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GBPUSD 10 April 2023

GBPUSD 10 April 2023 on the h4 timeframe, we can see that this pair is still ranging between 61.8 and 100.0 Fibo levels. It can be seen that there has been a trend reversal when it is about to touch the level of 61.8. If this pair is able to continue to bounce towards 100.0 Fibo, a go-long position will be an option. However, if it doesn’t work and instead penetrate towards 50.0 Fibo, then going short is an option. Stay alert and trade with your own risk.

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